PPP Loan Application Window Opened Today For Many

The PPP loan application window opened today, Jan 15 for both first- and second-draw PPP forgivable loans (for community lenders with $1 billion or less in assets). Applications for large lenders will open on Tuesday, Jan 19.

The SBA and Treasury issued guidance on Jan. 6 for the new Paycheck Protection Program, which is similar to the prior PPP with some key differences. You can read a more detailed analysis here.

As a member of the BDO Alliance USA, we are pleased to provide access to the recording and presentation slides for this recent webinar PPP Loan Changes: Forgiveness, Additional Loans, Employer Retention Credit, and More. Click here to go to the webinar registration page. Note: If you have not yet set up a BDO profile, you will need to do that first here. Enter your contact information and make sure to check the box “Are you an independent member or a client of an independent member of the BDO Alliance USA?” On the webinar page, you will see a tab that says RECORDING AND MATERIALS. If you have any issues, please email info@dmlo.com.

The SBA also announced a $12 billion relief program to support qualifiying venues impacted by the pandemic, known as the “Save Our Stages” or SOS Grant Program. Stay tuned for more information when applications become available.

Check our COVID-19 Resource Center for ongoing news and resources.

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